The 3 Safest Energy Dividends Right Now
Firming crude oil prices got a further boost recently with Saudi Arabia's decision of an additional cut in its oil output. While the development is bullish, it doesn't remove the inherent volatility in oil prices. The Kingdom has pledged for the additional cut in February and March, after which it may resume production levels.
Meanwhile, other producers could boost output, destabilizing prices. So, while investing in energy stocks now, as always, you should focus on companies that can do well irrespective of oil prices. Here are three of the safest dividend stocks in the energy sector right now.
With a history of more than 65 years, TC Energy (NYSE: TRP) is a top Canadian energy infrastructure company. It operates natural gas and liquids pipelines in the U.S., Canada, and Mexico. It has a strong asset base in two important supply regions -- the Western Canada Sedimentary Basin (WCSB) in Canada and the Appalachian Basin in the U.S. There is a strong demand for infrastructure to transport oil from Canada's oil sands, and TC Energy's WCSB assets are usually fully utilized at attractive rates.
Source Fool.com
